Best Tech Stocks To Buy Using Neural Networks: Returns Of Up To 10.27% In 3 Days

Best Tech Stocks To Buy

This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:

  • Top 10 tech stocks for the long position
  • Top 10 tech stocks for the short position

Package Name: Tech Stocks
Forecast Length: 3 Days (8/9/15 – 8/12/15)
I Know First Average: 3.05%

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Best Tech Stocks To Buy

 

In the recent 8/9/15 forecast that was part of the Tech Stocks package, eight of the ten stocks for the long position increased in accordance with the algorithm’s prediction. The top performing stock for the long position was SWIR with a spectacular return of 10.27%, while GLUU and SSYS also had phenomenal returns of 6.95% and 6.59%. The average return was 3.05%, which is more than seven times greater than the S&P 500 return of 0.41 % during the same time period.

Sierra Wireless Inc. (SWIR) is a multinational wireless communications equipment designer and manufacturer headquartered in Richmond, British Columbia, Canada. Sierra Wireless has more than 950 employees globally and operates R&D centers in North America, Europe and Asia. The company had a signal strength of 5.18 and a predictability indicator of 0.54. In accordance with the algorithm’s prediction, the stock price increased by 10.27%.

The company offers the IoT (Internet of Things) industry’s most comprehensive portfolio of 2G, 3G and 4G embedded modules and gateways, seamlessly integrated with their secure cloud and connectivity services. The posting of its Q2 earnings results on Friday led to a sharp sell off in shares of more than 10%. However, the sell-off was probably not warranted. Shares rose roughly 9% on Wednesday.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.